Retail news : Skechers Slashes Q2 Loss

Skechers USA narrowed its loss in its second quarter, to $1.8 million or 4 cents a share, from $29.9 million, or 62 cents, a year ago. Revenues were down 11.6 percent to $384.0 million compared to $434.4 million in the year-ago quarter. Ongoing inventory correction actions offset growth a its company-owned retail stores and in many of its heritage lines, as well as the Performance division.
(SportsOneSource Media)